M&A Deal Summary

Nine Energy Service Acquires Crest Pumping Technologies

On June 30, 2014, Nine Energy Service acquired energy services and equipment company Crest Pumping Technologies

Acquisition Highlights
  • This is Nine Energy Service’s 1st transaction in the Energy Services and Equipment sector.
  • This is Nine Energy Service’s 1st transaction in the United States.
  • This is Nine Energy Service’s 1st transaction in Texas.

M&A Deal Summary

Date 2014-06-30
Target Crest Pumping Technologies
Sector Energy Services and Equipment
Buyer(s) Nine Energy Service
Deal Type Add-on Acquisition
Advisor(s) Simmons & Company (Financial)

Target

Crest Pumping Technologies

Ft. Worth, Texas, United States
Crest is a provider of technical downhole cementing, acidizing and pump down services to oil and gas operators across North Texas, the Eagle Ford and the Permian Basin.

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Buyer(S) 1

Buyer

Nine Energy Service

Houston, Texas, United States

Category Company
Founded 2011
Sector Energy Services and Equipment
Employees1,077
Revenue 554M USD (2024)
DESCRIPTION

Nine Energy Service is an oilfield services company that offers completion and production solutions throughout North America. Nine Energy Service was founded in 2011 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Energy Services and Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: Texas M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2014 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 Big Lake Services

Midland, Texas, United States

Big Lake Services operates a fleet of workover rigs in the well servicing segment of the oilfield industry. Based in Midland and Big Lake, Texas, BLS operates in oil and gas fields in west Texas and southern New Mexico.

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